PROPOSAL ON GLOBAL ECONOMIC CRISIS AND ITS EFFECT
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PROPOSAL ON GLOBAL ECONOMIC CRISIS AND ITS EFFECT
Project overview
The worldwide economic crisis, which began as a financial catastrophe in one country, has now fully established itself, with no bottom in sight. The global economy is in deep recession, and the risk of falling into a deflationary trap cannot be dismissed for many major countries.
The frantic search for ways to keep the global economy from collapsing must not come at the price of a critical examination of the causes of the crisis, especially in the short term.
In practically every country, economic slump has deepened, resulting in mass unemployment and malnutrition for millions of people. The financial market crash of 2008 and 2009 was the result of institutionalised fraud and financial manipulation. This issue is worsening, with the possibility of interrupting worldwide trade and investment.
Every significant sector of the global economy is affected. Financial crises and recessions are becoming increasingly regular today. People in several countries are starving as a result of the global economy.
The cost of necessary commodities for survival has risen considerably in recent years worldwide. Globalisation caused millions of people to go hungry and starve. Based on this background, the researcher intends to analyse the economic crisis and its consequences.
The study will employ mean and standard deviation to examine the impact of the global economic crisis on the research question, while t-tests will be used to test the hypotheses. All hypotheses were tested at the 0.05 significance level.
The study’s objectives
The following objectives will be assessed.
To determine the impact of financial market meltdown on the global economic crisis.
To determine the impact of political crises on the global economic crisis.
To assess the impact of insecurity on the global economic crisis.
To determine the impact of technical growth on the global economic crisis.
RESEARCH QUESTION:
The following research questions will be addressed:
What influence does the financial market crash have on the global economic crisis?
How does the political crisis affect the global economic crisis?
What is the impact of insecurity on the global economic crisis?
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